比特幣並沒有迷失方向。它已經佔領了華爾街

美國比特幣交易所交易基金的推出是 2024 年加密貨幣界最受矚目的事件。

The launch of U.S. Bitcoin exchange-traded funds was crypto's most celebrated event in 2024. But for some, the term “Bitcoin ETF” is an oxymoron.

美國比特幣交易所交易基金的推出是 2024 年加密貨幣界最受矚目的事件。

Take it from Gary Gensler – the Securities and Exchange Commission chairman who begrudgingly approved such products for public trading.

以美國證券交易委員會主席詹斯勒 (Gary Gensler) 為例，他不情願地批准此類產品進行公開交易。

“Satoshi (sic) said this was gonna be a decentralized system… but now you can buy it through this thing called an exchange-traded product as well, which is centralized,” he argued in January.

「中本聰（原文如此）說這將是一個去中心化的系統……但現在你也可以透過這個被稱為交易所交易產品的東西來購買它，它是中心化的，」他在一月份表示。

He has a point. Over 1,000,000 BTC and counting are now controlled by Bitcoin ETF providers across the world. Some of the largest providers include giants of traditional finance like BlackRock and Fidelity – exactly the sort of centralized firms that crypto wants to disintermediate.

他說得有道理。目前，全球比特幣 ETF 提供商控制著超過 1,000,000 枚 BTC 並仍在計數中。一些最大的供應商包括貝萊德和富達等傳統金融巨頭——這正是加密貨幣想要去中介化的那種中心化公司。

Does this mean that Bitcoin has lost its way? Has the project been captured by the big banks?

這是否意味著比特幣已經迷失了方向？專案被大銀行拿下了嗎？

Far from it. In fact, BlackRock's embrace of Bitcoin is how the company adapts to and survives crypto's continuous march toward global adoption.

遠非如此。事實上，貝萊德對比特幣的擁抱是該公司適應和生存加密貨幣不斷走向全球採用的方式。

Bitcoin provides investors with an invaluable service that traditional banking will never replicate. As BlackRock CEO Larry Fink said in a CNBC interview, Bitcoin is like “digital gold” that you buy “when you believe that countries are debasing their currencies by excess deficits,” or to “invest in something that is outside your country's control.”

比特幣為投資者提供了傳統銀行業無法複製的寶貴服務。正如貝萊德首席執行官拉里·芬克（Larry Fink）在接受CNBC 採訪時所說，比特幣就像“數字黃金”，“當你相信一些國家因過度赤字而導致貨幣貶值時”，或者「投資於你所在國家無法控制的事物」時，你就會購買比特幣。

The closest BlackRock could come to matching that service was to launch a Bitcoin ETF. As of now, Bitcoin ETFs fill a niche for regular people and institutions seeking price exposure to Bitcoin who face hurdles to acquiring the real thing. That niche market alone made the iShares Bitcoin Trust the most successful ETF launch of all time.

貝萊德最接近該服務的是推出比特幣 ETF。截至目前，比特幣 ETF 為尋求比特幣價格敞口但在獲取實物時面臨障礙的普通人和機構填補了一個空白。光是這個利基市場就使 iShares 比特幣信託基金成為有史以來最成功的 ETF。

One Of The Best TV Shows Ever Made Lands On Netflix Today

有史以來最好的電視節目之一今天登陸 Netflix

Who Won The VP Debate Last Night? Here’s What Snap Polls And Betting Markets Say.

誰贏了昨晚的副總統辯論？以下是 Snap 民意調查和博彩市場的說法。

New Critical Password Warning—86% Of All Router Users Need To Act Now

新的關鍵密碼警告—86% 的路由器使用者需要立即採取行動

Yet these ‘hurdles’ to buying real BTC in your own crypto wallet – be they technical or regulatory – are all falling away fast. The user experience of sending, receiving, and holding Bitcoin in a personal wallet is dramatically improving. Meanwhile, Congress is passing legislation to provide regulatory clarity for firms trying to launch crypto products, and build decentralized financial services.

然而，在自己的加密錢包中購買真正的比特幣的這些「障礙」——無論是技術還是監管——都在迅速消失。在個人錢包中發送、接收和持有比特幣的用戶體驗正在顯著改善。同時，國會正在通過立法，為試圖推出加密產品和建立去中心化金融服務的公司提供明確的監管。

In due time, managing financial affairs on the blockchain will be more efficient, secure, and useful than doing it through the bank – and all of traditional finance is scrambling to prepare.

在適當的時候，在區塊鏈上管理金融事務將比透過銀行管理金融事務更加高效、安全和有用——所有傳統金融都在爭先恐後地做好準備。

In March, BlackRock launched its first “tokenized fund” giving investors access to US dollar yields through a token issued on the Ethereum blockchain. Earlier this month, Franklin Templeton expanded its blockchain-based money market fund, FOBXX, to Arbitrum – a network that processes Ethereum transactions for pennies at sub-second speeds.

今年三月，貝萊德推出了首個“代幣化基金”，讓投資者可以透過以太坊區塊鏈上發行的代幣獲得美元收益。本月早些時候，富蘭克林鄧普頓將其基於區塊鏈的貨幣市場基金 FOBXX 擴展到 Arbitrum——一個以亞秒速度處理便士以太坊交易的網路。

Even the big banks and payment providers are diving into crypto. PayPal has already launched its own stablecoin, PYUSD PayPal USD , which is a custom crypto token whose value is backed by U.S. dollars. Mastercard is experimenting with JP Morgan, Citibank, and other TradFi giants on tokenized asset settlement to make cross-border transfers run more smoothly.

甚至大型銀行和支付提供者也開始涉足加密貨幣領域。 PayPal 已經推出了自己的穩定幣 PYUSD PayPal USD ，這是一種客製化的加密代幣，其價值以美元為支撐。萬事達卡正在與摩根大通、花旗銀行和其他 TradFi 巨頭進行代幣化資產結算試驗，以使跨境轉帳運作更加順暢。

Finally, let's not forget the chorus of central banks worldwide who are either researching, developing, or piloting their own central bank digital currencies.

最後，我們不要忘記世界各地的中央銀行正在研究、開發或試點自己的中央銀行數位貨幣。